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Murljashka [212]
4 years ago
11

Anders Industries currently holds two debts: and $11,000 debt due in 12 months and a $16,000 debt due in 18 months. Anders prepa

res a classified balance sheet using an 18-month operating cycle. How should these debts be classified?
Business
1 answer:
Verdich [7]4 years ago
4 0

Answer:

Both debts ($11,000 + $16,000), totalled $27,000 will be classified as the Current Liabilities (CL)  in the balance sheet.

Explanation:

Liabilities could be classified or recognized as the current or the long term liabilities on the balance sheet grounded on when they are expected to be satisfied.

Liabilities which are expected to be satisfied within one operating cycle or 12 months, which ever is longer and satisfied by using the current assets are recognized as the current liabilities. And all other liabilities are known as long term liabilities.

Under this case, the operating cycle is 18 months, which is the dividing line among the long and current term. So, both the liabilities are current liabilities as are satisfied within the duration of 18 months.

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Explanation:

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The Burgers 4 Upper U Restaurant Group supplies its franchise restaurants with many​ pre-manufactured ingredients​ (such as bags
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Answer:

variable overhead rate 11.96 dollars

Explanation:

5,189,000 manufacturing overhead from which:

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3 years ago
Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2
Nana76 [90]

Answer:

Explanation:

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3 0
3 years ago
How should we market the new product line?
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5 0
3 years ago
In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-Am
Tema [17]

Answer:

a) It is expected that 8 African-Americans get promotions.

b) There is a 8.6% probability that 5 African-Americans get promotions.

c) There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

Explanation:

The question is incomplete.

Complete question:

<em>In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-American. At the end of the year, promotions are awarded to a group of employees. Out of the 40 promotions awarded, five are African-American. Given that the awarding follows the binomial distribution, B(40,.2).</em>

<em />

<em>a) How many African-Americans would you expect to get promotions? </em>

<em> b) What is the probability that five African-Americans receive promotions? </em>

<em> c) What is the probability that five or fewer African-Americans receive promotions? </em>

<em> d) Do you think the company is suspect of racial discrimination? Explain your thinking.</em>

<em />

a) As this situation can be modeled by a binomial distribution B(40,0.2), the expected number of African-Americans that get promotions can be calculated as the expected value of the binomial distribution:

X\sim B(40,0.2)\\\\E(X)=np=40*0.2=8

It is expected that 8 African-Americans get promotions.

b) Accordingly to the binomial distribution, we have:

P(X=5)=\frac{40!}{5!35!}*(0.2)^5*(0.8)^{35}=658008*0.00032*0.0004= 0.086

There is a 8.6% probability that 5 African-Americans get promotions.

c) We have to calculate the probabilities for X=0,1,2,3,4 and 5.

P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\\\P(X=0)=\frac{40!}{0!40!}*0.2^0*0.8^{40}=1*1*0.00013=0\\\\P(X=1)=\frac{40!}{1!39!}*0.2^1*0.8^{39}=40*0.2*0.00017=0.001\\\\P(X=2)=\frac{40!}{2!38!}*0.2^2*0.8^{38}=780*0.04*0.00021=0.007\\\\P(X=3)=\frac{40!}{3!37!}*0.2^3*0.8^{37}=9880*0.008*0.00026=0.021\\\\P(X=4)=\frac{40!}{4!36!}*0.2^4*0.8^{36}=91390*0.0016*0.00032=0.047\\\\P(X=5)=\frac{40!}{5!35!}*0.2^5*0.8^{35}=658008*0.00032*0.00041=0.086

P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\P(X\leq5)=0+0.001+0.007+0.021+0.047+0.086=0.162

There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

3 0
3 years ago
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